Huge German demand for houses in Alto Adige
16:18 01 OTT 2012
(AGI) Bolzano - The monthly "Manager Magazin" says Alto Adige is again becoming popular with home-buyers from Germany. The financial magazine, which belongs to the Der Spiegel publishing group, has devoted several pages to a focus on the boom in housing demand from German residents.
(AGI) Bolzano - The monthly "Manager Magazin" says Alto Adige is again becoming popular with home-buyers from Germany. The financial magazine, which belongs to the Der Spiegel publishing group, has devoted several pages to a focus on the boom in housing demand from German residents.
The province of Balzano, with its mountains and landscapes has long been known to appeal to the Germans. Chancellor Angela Merkel spends some of her summer holiday there each year. Now, more than ever, is the time to invest in Italy.
The respected British Telegraph newspaper has already suggested that its readers buy homes in Tuscany and the Abruzzo region - now it's the turn of Alto Adige. An article by Richard Haiman says that "If the regulations on transparency in housing transactions introduced by the Monti government discouraged Italians from buying, the post-summer period has seen a significant rise in demand for houses in the Alto Adige, not just from Germans but from Austrians and the Dutch.
The price of houses on sale in Alto Adige has not risen over the last three years. In areas such as Lana and Naturno, near Merano, the cost per square metre is still around 2,300 euros and houses measuring 140 square metres cost between 450,000 and 600,000 euros. In other areas, valuations have even gone down.
A five-room flat in Val Pusteria is changing hands for 320,000 euros, in Solda in Val Venosta, a flat measuring between 50 and 60 square metres can be had for less than 170,000 euros. Until last year, the same sorts of property were worth at least 5-10% more and this has made foreign tourists keen to acquire properties in these areas as summer homes." .
Posts
